The British pound has broken under the 1.2300 level against the US dollar as the pair looks set to close the month of June in negative territory. The GBPUSD pair could fall towards the 1.2200 level if weakness under the 1.2300 resistance level persists. A loss of the 1.2200 level and critical long-term technical support for the GBPUSD pair is currently found at the 1.2100 level.
The GBPUSD pair is only bearish while trading below the 1.2390 level, key support is found at the 1.2200 and 1.2100 levels.
If the GBPUSD pair moves above the 1.2390 level, key resistance is found at the 1.2415 and 1.2455 levels.
